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December 17, 2007
Genscape Acquires EnvaPower, Inc.
Acquisition combines proprietary real-time
data and market intelligence to deliver actionable insight
to the power trading markets
Louisville, KY – Genscape, the industry’s
source for real-time power plant output and transmission status
information, has acquired EnvaPower, the leading provider
of real-time power market intelligence. The acquisition positions
Genscape to deliver an unmatched combination of proprietary
data and actionable market intelligence to power market participants.
EnvaPower has rapidly grown over the past
six years by providing daily fundamental analysis of regional
power markets, driven by EnvaPower’s proprietary models
and staff of market analysts. EnvaPower’s PowerIQ™
Market Intelligence services are relied on by a large and
growing number of market participants to understand market
drivers and risks and inform their trading decisions. “This
is a great strategic deal for both companies”, says
Sean O’Leary, Genscape’s co-founder and CEO. Enva’s
tools and market insight reinforce Genscape’s position
as the market’s leading provider of fundamental data
and analysis.”
“The combination of these two companies
will enable them both to serve customers better,” says
Dr. Gustav Beerel, co-founder and CEO of EnvaPower. “By
leveraging additional real-time data from Genscape, Enva can
further enhance its market-leading position in real-time market
intelligence.”
About Genscape, Inc.
Genscape Inc. is the originator of real-time power supply
information to support decision making for power marketers,
regulators, utilities, distributors, and other energy market
participants. In addition to real-time power flows, Genscape
supplies data on the fundamentals of coal, gas, oil and emissions
in the United States and Europe. Genscape’s parent company
is DMG Information, the business information division of the
Daily Mail and General Trust plc.
About EnvaPower, Inc.
EnvaPower, a Genscape company, is the leading provider of
market intelligence to participants in electric power markets.
Combining a broad range of data sources, a team of market
analysts with unrivalled experience, and the power of its
proprietary supply stack, power flow and neural network modeling
tools, EnvaPower delivers market intelligence with unmatched
clarity and insight.
Contacts: Sean O’Leary, CEO,
Genscape, Inc. (502) 583-3435
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